Bandwagon

@keithmarlowau @simianlines @CupittMatthew All that can be true, yet still in a trade where you purchase shares for investment, far more often than not, and by a huge margin, you create nothing beyond the trade itself.

The share price can be used in takeover situations, if the share price is higher, that can be used to issue new shares, on say a 2 for 1 basis. The higher the price the less new shares are needed. Also if the business produces a dividend, that can have an impact on the share price through its cover, compared to interest rates and other stock dividends in the same sector. Yes, there will be times where sentiment will take over, but the fundamentals of the business underpin the long term price. Then there is also the impact of other stock classes on the price, and when things mature or payout. In essence, its complicated.

Barnaby is right "You buy assets after you have been taxed". How on earth is anyone going to accumulate wealth to better themselves and care for their family with this high level of taxation. Labor are a cancer on us all.

@Ryandally08 It's a tax on the profits, not the assets held in trust. Thus, not a death tax,

Nat Barr grills Tanya Plibersek on Anthony Albanese introducing a death tax in disguise: Barr: “The PM has now admitted that after 2028, family trusts will now be taxed at a higher rate, that sounds like a death tax” Plibersek: “if the share is fixed, no change, if you’re able to shift the money around, you may be doing that to minimise tax, so that needs a 30% tax attached to it” Barr: “people do that for all sorts of reasons, they may have a disabled child, issues with marriage” “If you have a testamentary trust, will it be taxed more after July next year?” Plibersek: “30% yes” Barr: “so that’s a death tax, Tanya?” Plibersek: “people who work for a living should get taxed” This Government just lies to your face.

@GeoffWilsonWAM @AlboMP @JEChalmers Fuck you are so full of shit.

I’m grandfathered I’m lucky. What about every other person in Australia starting a business from today onwards. They will lose up to 47%. What has @AlboMP @JEChalmers added 0% capital, 0% risk, 0% effort, 47% of the gains gone. @AlboMP isn’t a silent equity partner, he’s a hostile takeover in a hi-vis vest. We all build Australia. He bleeds it dry. Tell your story!

@keithmarlowau @simianlines @CupittMatthew If you buy shares for an IPO or whatever, sure, but that is not how the greater majority of trading works If you buy shares off whomever, it makes zero difference to the business beyond the the trade supports their share value, when you sell them same. You help create nothing.

Businesses issue shares to raise investment capital. The value of that share can then be used by that business to raise more capital to invest either in itself or to buy other businesses. The success or failure of a business, combined with its dividend, and market conditions set the day to day price. The business itself benefits just as much from a rising share price as the investor.

@news_australian This AI is just getting dumber and dumber

BREAKING: Do you agree that Anthony Albanese has an approval rating of well over 100%? He has proven himself to be a Strong & Manly Leader. Everything he touches has turned to Gold. Agree or Disagree? 👇🏻👇🏻🇦🇺 #auspol #anthonyalbanese

@smith_johnxxxx @Ryandally08 They're not, unless they are new.

@Ryandally08 Why are ‘foreign investors’ allowed to buy Australian houses?

Anthony Albanese again says “we’ve changed our position” “We’ve changed our position” “On Saturday we had young people bidding for properties and getting outbid by foreign investors” “And the taxpayer provides that investor support” Is he this dumb?

@Ryandally08 You're full of shit here mate and you know it. He said "investor", not "Foreign investor" Which wouldn't even make sense because foreign investors are barred by this government from buying existing housing in Australia. ato.gov.au/individuals-an…

@MenachemV @JBHiFi Why is the call to free Palestine offensive? What is offensive about freedom?

Melbourne, Australia - A visibly Jewish customer @JBHiFi complained a staff member’s conduct was allegedly “very confronting & offensive” As the manager said they would speak to the staff member, the employee then yelled: “Free Palestine” Zero professionalism. Zero empathy. Zero regard for how the earlier interaction had already made the customer feel

@sir_wen_moon @GeoffWilsonWAM @ausgov If you want to make an ethical argument ( fairness ) Explain what is fair about investment income getting preferable tax treatment over labour income. Because if you accept taxation as necessary, at any given level, if one form of income pays less, another pays more.

@GeoffWilsonWAM @ausgov Sure they have a point, but I also don’t think the gov taking half our investment gains for converting one store of wealth to another is fair either. All this because the price of houses is going up? So if houses go up even more they will steal even more of our wealth?

CGT on business succession is a declaration of war on Australian entrepreneurship and giving Australians a fair go! Built from scratch? Hired locals? Trained the next gen? Too bad @ausgov wants their pound of flesh when you pass it on. This is taxing the risk-takers who create the jobs and growth. Not the rich they are grandfathered! Scrap these changes before Australia dies.

@GeoffWilsonWAM @ausgov Please point to the new legislation that rules succession creates a new CGT event. I'll wait.

@S_GerardRennick Her kids don't, why the fuck would I.

Gina Rinehart is Australia's richest person and the executive chair of Hancock Prospecting, with a long public profile in mining, agriculture, and political commentary.

@TimWilsonMP There is no small business and start up tax. Why is it so hard for people who oppose these changes to construct an argument without lying? The CGT changes mean that more tax will be payable (in some instances) when a business is sold. That's it. Now explain why that is bad

This week I have been hearing stories from small businesses, start-ups and self starters that embody the Australian spirit. They want to take the risk, get ahead, and change our country for the better. They start with nothing, and now the Labor government wants to tax their aspiration. Any Australian who wants to take the risk, be a self starter, and turn their dream into reality should be commended, not hit with another new tax. That’s why we’ll repeal Labor’s small business and start-up tax. How would these new taxes impact you? Share your story at notthetax.com.au

@Dragsta4444 @reignitedem Yep, that's the point. You get enough meaningless shit filled in it takes those votes out of the picture, meaning it takes less votes to get the result you want.

@MisterBandwagon @reignitedem Going to dilute votes like crazy aswell...

This party is called "I'm voting to avoid the fine".  It will appeal to the 6-8% of voters who don't care about voting, but vote anyway because of the threat of a fine.  My brother is the party leader...he might actually get elected with a party name like this haha We need 750 members to register... avoidthefine.com.au

@BeWinstonSmith @reignitedem It's a fact, we have compulsory voting by law but the way it enforced is for you to show up and cross your name off the list. You get a ballot, but by law no cunt can ask to see it, so you can spoil it to your hearts content or not. You are not forced to actually vote. the end.

@MisterBandwagon @reignitedem Democracy…. Made to show up…. 🤣🤣🤣😂🤣😂 Do you hear yourself?

@binetsky31112 There are no changes to the small business tax concessions regarding the CGT. How exactly do you think the changes to CGT are going to affect you?

As a long time small business owner I’m furious about the CGT rules by fucking Albo! A man that has NEVER risked a god damn thing in his life now wants MORE money from us very hardworking & constantly stressed businesss owners. Fuck off Albo u thief 😡

@Bradfield1975 Ah no that is not what she said. And you only pay tax on profit.

Tanya Plibersek, ducking and weaving on Sunrise this morning, said Australians should pay tax on their assets including the family home! As Barnaby Joyce correctly pointed out, we’ve already paid tax on the money we earned in order to buy the assets!! Labor just don’t get it!!!

@James16878077 @GeoffWilsonWAM It makes perfect sense, you are arguing higher taxes will lead to flight of capital, thus the race to the bottom because the reverse is true, lower taxes will bring in capital. The kicker is always how much lower, and how much more tax should labour pay to subsidize capital.

@MisterBandwagon @GeoffWilsonWAM You're response both makes no sense and is dismissive of a proven argument. I sense your ideology precludes you from sound economic judgement. We will nevrer agree so let's leave it there

The Government is destroying the life blood of Australia. The capital gains tax changes are an economic suicide note. They’re attacking the very engine of Australian prosperity, the risk capital that funds our companies, creates jobs, and drives innovation. Carve EVERY company out of this madness. This isn’t “fairness”. It’s self-inflicted decline. #HandsOffCapitalGains

@profholden @Barnaby_Joyce So that'd be why every advanced economy also has a GST / VAT / Sales taxes.............................oh wait?

I can't believe I'm saying this, but @Barnaby_Joyce is right. "You buy assets out of after-tax income." That's why every advanced economy taxes capital gains at a lower rate than ordinary/labour income. And if we want to lower the burden on workers th en we should tax labour income less and consumption more. theaustralian.com.au/news/tanya-pli…

@Ryandally08 Mate this is just quite simply a lie, what you pass on is not being taxed, the profits from what you pass on are being taxed, just as they should have been before you pass it on The need to lie exposes the weakness of this argument.

Jim Chalmers says that he made “sensible, common sense changes” when slipping the stealth new death tax into last Tuesdays budget. Chalmers says not to listen to the “scare campaigns” “Overall this is about better aligning the tax system for workers” “That’s why we’re making this difficult change” Meaning that our money that’s already been taxed will be taxed again when you pass it onto your children. It’s impossible get ahead under this Labor Government.

@James16878077 @GeoffWilsonWAM Ahh sorry, it's the old flight of capital argument you're running here. Yes I did miss it. Ultimately you're advocating a race to the bottom, and it goes back to taxing investment returns well below that of the labour that supports it.

You are missing the point - founders and investors will not risk losing another 23.5% of their investment return when they can relatively easily take their capital, expertise and job creation to more favourable tax jurisdictions. Want to know what happens next? Look at the UK, where people are leaving in their droves.